Greymart Metal Sells Industrial Asset At 974 Meeker Avenue Brooklyn For $4.2M With Jay Gilbert
SOLD
$4,200,000
New York
See Similar DealsIndustrial12,769 SF
Sold 10/18/2024
SOLD
Greymart Metal Sells Industrial Asset At 974 Meeker Avenue Brooklyn For $4.2M With Jay Gilbert
974 Meeker Avenue
See Similar DealsIndustrial12,769 SF
Sold 10/18/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$328
Total Square Footage:12,769 SF
Transaction Type:Sale
The property involved in the transaction is an industrial asset located at 974 Meeker Avenue in Greenpoint, Brooklyn. The sale price was $4,200,000, covering a total square footage of 12,769, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 974 Meeker Avenue
- Market: Greenpoint, Brooklyn
- Seller: Greymart Metal
- Broker: Jay Gilbert - RPLRE
- Square Footage: 12,769
- Price per Square Foot: $328
Jay Gilbert represented the seller, Greymart Metal, in this transaction, facilitating the sale process in the industrial market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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